Sensex closes 370 points lower, capital goods lose (Roundup)January 30th, 2012 - 6:52 pm ICT by IANS
Mumbai, Jan 30 (IANS) A benchmark index for Indian equities Monday closed 370 points lower as domestic investors booked profits after a three-week rally amid negative global cues. Capital goods and power stocks led the losers’ list.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,138.04 points, closed at 17,004.46 points, 370.68 points or 2.15 percent down from its previous close at 17,233.98 points.
ICICI Bank, L&T; and RIL were among the stocks that dragged the index down.
The Sensex had rallied 495 points or nearly 3 percentage last week and has gained 1,779.06 points or 11.51 percent in January backed by strong buying support from foreign institutional investors and positive economic indicators like falling inflation.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also closed in the negative at 5,087.3 points, down 117.4 points or 2.26 percent from its previous close.
Broader markets also ended lower with the BSE 500 index slipping 2.1 percent down from its previous close.
The market breadth was negative with 997 stocks advancing, 1,820 declining and 98 remaining unchanged.
Prominent gainers on the 30-scrip Sensex included Sun Pharma, up 1.34 percent at Rs.536; Bajaj Auto, up 0.48 percent at Rs.1,545.65; Jindal Steel, up 0.41 percent at Rs.531.40 and Hero MotoCorp, up 0.13 percent at Rs.1,824.20.
Among losers were BHEL, down 10.41 percent at Rs.245.15; Sterlite Industries, down 5.99 percent at Rs.112.95; L&T;, down 5.37 percent at Rs.1,307.35; and ICICI Bank, down 4.07 percent at Rs.851.95.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors bought stocks worth $274.78 million Monday. FIIs have pumped in $2.05 billion this month.
Asian markets mostly ended lower as traders booked profits after the recent rally and cautiously waited for results of talks on a Greece debt swap deal.
The Japanese Nikkei fell 0.54 percent and closed at 8,793.05 points, while Hong Kong’s Hang Seng moved down 1.66 percent to end at 20,160.41 points.
The Chinese Shanghai Composite index slipped 1.47 percent and closed at 2,285.04 points.
European markets were also in the negative.
Britain’s FTSE 100 was ruling 0.83 percent down at 5,685.67 points. The German DAX was similarly lacklustre, trading 0.65 percent down at 6,469.55 points.
The French CAC 40 was trading 0.97 percent lower at 3,286.51 points.
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- Sensex above 17,000, JP Morgan upgrades Indian stocks (Lead) - Jun 21, 2012
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- Profit booking continues at Indian markets - Feb 23, 2012
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- Sensex falls for third straight week on negative cues (Weekly Market Review) - May 12, 2012
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- Day after rally, profit booking pulls down Indian equities (Roundup) - Jul 08, 2011
- Sensex closes 244 points down, manages 1.8 percent in weekly gains - Sep 30, 2011
- Sensex slumps 405 points on weakening rupee (Lead) - Mar 22, 2012
Tags: asian markets, bajaj auto, benchmark index, bombay stock exchange, capital goods, domestic investors, exchange board, fiis, foreign institutional investors, jindal, market breadth, national stock exchange, power stocks, ril, sebi, securities and exchange board of india, sensitive index, sterlite industries, sun pharma, swap deal